Legal Question in Wills and Trusts in Florida

My sister recently passed away and my 17 year old nephew is the beneficiary. I have been appointed his legal guardian by the probate court. Right now the insurance money has been placed in a restricted deposit guardianship account as instructed by the court. My nephew turns 18 in January but I don't want him to have access to all of the money at once. Once the money is released by the probate court may I have the funds placed in a trust fund?

Help!

Asked on 12/15/10, 5:17 pm

2 Answers from Attorneys

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No. 18 is the legal age of majority and he is entitled to it then. The only possibility is that if he is not competent as decided by a court, but that is a long shot.

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12/20/10, 7:46 pm
Lucreita Becude Lucreita D. Becude, P.A.
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Sorry, no you can not. However, you might talk with him about what the funds will be used for and perhaps take him to a financial advisor and see if he would be willing to invest a portion for future income.

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12/21/10, 6:30 am

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